An operating agreement is an agreement between the members of a limited liability company that describes how the company will carry out business obligations. The agreement is necessary to avoid the default rules of state limited liability company statutes.
Executioner definition: An executioner is a person who has the job of executing criminals. | Meaning, pronunciation, translations and examples
EXECUTED. Something done; something completed. This word is frequently used in connexion with others to designate a quality of such other words; as an executed contract; an executed estate; an executed trust, &c.It is opposed to executory.2. An executed contract is one which has been fulfilled; as, where the buyer has paid thrice of the thing purchased by him. See Agreement.t is opposed to executory. 2. An executed contract is one which has been fulfilled; as, where the buyer has paid thrice of the thing purchased by him. See Agreement.